AST SpaceMobile (ASTS) shares jumped nearly 10% to $61.22 on Wednesday, marking the stock’s strongest single-day performance in roughly a month.
The rally was driven by two catalysts: a bullish initiation from investment firm Berenberg and a fresh share purchase by early investor and board member Adriana Cisnero.
According to a regulatory filing, Cisnero purchased approximately 10,000 shares of ASTS stock, signaling continued insider confidence in the satellite communications company.
Berenberg initiated coverage on AST SpaceMobile with a ‘Buy’ rating and a price target of $92, implying potential upside of about 65% from Tuesday’s closing price.
The brokerage also launched coverage on three other space sector names, assigning ‘Buy’ ratings to Rocket Lab (RKLB), Planet Labs (PL), and HawkEye 360 (HAWK) simultaneously.
The broad endorsement comes after a brutal stretch for the industry, with these four stocks declining by an average of 53% between late May and the end of August.
The sector-wide pullback coincided with a market recalibration that followed SpaceX’s high-profile initial public offering, which had previously driven significant enthusiasm across space-related equities.
Berenberg noted that falling launch costs have enabled a “rapidly growing investable universe,” with the space economy having already surpassed $500 billion in 2025 and tracking toward $1 trillion by 2030.
The firm said it favors companies with “vertically integrated launch and differentiated/sovereign constellation capability that cannot easily be replicated,” according to excerpts from the note published by TheFly.
For AST SpaceMobile specifically, financial projections point to sales reaching approximately $650 million in 2027, expanding further to $1.76 billion in 2028, per data from Fiscal.ai, with a majority of revenue underpinned by commitments from major wireless providers.
Berenberg set a $25 price target on Planet Labs (PL), implying a roughly 30% gain from Tuesday’s close, while Rocket Lab (RKLB) received an $83 price target representing approximately 33% upside from its prior close.
Rocket Lab’s revenue is projected to approach $1 billion in 2026, up from around $600 million in 2025, according to Fiscal.ai, reflecting the company’s expanding role as a launch and satellite technology vendor.
HawkEye 360 (HAWK), the defense-focused satellite intelligence company, received a $24 price target from Berenberg, with analysts expecting the firm to generate $217 million in revenue in 2026.
Retail sentiment on Stocktwits for these names ranged from “extremely bullish” to “neutral” following the initiations, with message volumes described as normal across the group.
On a year-to-date basis, HAWK stock remains down 36%, RKLB has eased 10.4%, ASTS has fallen 13.7%, while PL has managed a modest 4% gain heading into the new trading session.
